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# (Solved): Which is cheaper: eating out or dining in? The mean cost of a flank steak, broccoli, and rice bough ...

Which is cheaper: eating out or dining in? The mean cost of a flank steak, broccoli, and rice bought at the grocery store is $$\ 13.04$$, A sample of 100 neighborhood restaurants showed a mean price of $$\ 12.70$$ and a standard deviation of $$\ 2$$ for a comparable restaurant meal. (a) Choose the appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean cost of a restaurant meal is les than fixing a comparable meal at home. $$H_{0}:$$ $$H_{a}:$$ (b) Using the sample from the 100 restaurants, what is the $$\rho$$ value? If required, round your answer to four decimal places. (c) At $$0=0.05$$, what is your conclusion? We the null hypothesis. We conclude that the cost of a restaurant meal is significantly cheaper than a comparable meal fixed ot home.

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